Insider Buying: ACNB Corporation (ACNB) EVP Buys 2,025 Shares of Stock

ACNB Corporation (NASDAQ:ACNB) EVP Tom N. Rasmussen acquired 2,025 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $26.88 per share, for a total transaction of $54,432.00. Following the completion of the acquisition, the executive vice president now owns 10,311 shares in the company, valued at approximately $277,159.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ACNB Corporation (NASDAQ:ACNB) traded up 0.37% during midday trading on Tuesday, reaching $27.20. The company had a trading volume of 4,157 shares. The firm’s 50 day moving average is $27.23 and its 200 day moving average is $29.10. The stock has a market capitalization of $190.81 million, a PE ratio of 15.41 and a beta of 0.24. ACNB Corporation has a 1-year low of $24.45 and a 1-year high of $32.85.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.95%. ACNB Corporation’s payout ratio is currently 45.20%.

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Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in ACNB Corporation by 41.2% during the second quarter. Royal Bank of Canada now owns 3,997 shares of the bank’s stock worth $122,000 after buying an additional 1,166 shares during the period. Rhumbline Advisers acquired a new position in ACNB Corporation during the second quarter worth about $202,000. Wells Fargo & Company MN grew its position in ACNB Corporation by 29.2% during the second quarter. Wells Fargo & Company MN now owns 7,949 shares of the bank’s stock worth $243,000 after buying an additional 1,796 shares during the period. Teachers Advisors LLC grew its position in ACNB Corporation by 6.7% during the second quarter. Teachers Advisors LLC now owns 10,326 shares of the bank’s stock worth $315,000 after buying an additional 652 shares during the period. Finally, Private Advisor Group LLC acquired a new position in ACNB Corporation during the second quarter worth about $333,000. Institutional investors own 17.49% of the company’s stock.

ACNB Corporation Company Profile

ACNB Corporation is a financial holding company. The Company’s banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc (RIG).

Insider Buying and Selling by Quarter for ACNB Corporation (NASDAQ:ACNB)

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